According to information reported by Reuters, discussions between the Apple brand and Hyundai are underway to start production of an electric vehicle by 2024. This agreement could be formalized by next March.
Hyundai and Apple may well launch an electric car by 2024. South Korean newspaper Korea IT News has revealed. This announcement caused an increase of nearly 20% of the stock of Hyundai on the Stock Exchange, rising to 8 billion dollars, it is also its biggest increase since 1988.
However, a few hours later, Hyundai said it was in discussion with Apple but did not confirm that this partnership would be acted upon. The apple brand has not yet commented on this subject.
A “Titanic” project
This is not the first time that Apple has mentioned a similar project. In 2015, the American brand launched its Titan project to design an electric and autonomous car. But after several tests, the project was put aside in 2019. Since the delay has accumulated …
A partnership with Hyundai could allow Apple to use Hyundai’s electrification platform with its charging capacity of 800 V and the possibility of doing 500 km per charge. Apple could thus switch to lithium-iron-phosphate batteries which heat less quickly than conventional lithium-ion batteries.
And if this project sees the light of day in 2024, it could be carried out at the Kia Motors plant in Georgia. In total, nearly 400,000 cars could be built. A beta version could even see the light of day by 2022 …
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